Pinned Tweet
One year ago today, ORE introduced virtual mining on @solana.
Mining no longer required specialized hardware or an electricity arms race. Anyone could compete for newly issued ORE, with the additional incentive of accumulating unrefined ORE.
A year of iteration and refinement later, the principle remains: fair distribution, open participation, and a monetary design that rewards patience.
All you need is a Solana wallet.
Start mining: ore.com/learn
ORE retweeted
…. That’s a lot of leaked value
So I asked Ai how much has been spent on mining Bitcoin…
In short, it said that there was no single audited figure but gave a broad estimate of $70-$150 billion!
According to median surveys, recent electricity costs have been between $6-$10 billion annually. …
While the ASIC market recent annual sales have reportedly estimated between $11-$12 billion…..
Imagine a fraction of that going into solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp 😳
ORE retweeted
Respectfully, $ORE’s reason for existing is precisely why so many of us advocate for it so fiercely: a Bitcoin-like asset, native to Solana.
That’s a compelling reason to exist.
ORE retweeted
Mine at least 1 ORE.
Who pays for proof of work?
Not the miners. They spend fiat on electricity, then sell what they mine to keep the lights on. The cost moves, quietly, to everyone holding the token.
ORE was born with proof of work. @HardhatChad explains why it had to change, and how virtual mining plugs the value leak so what miners spend flows back to holders.
ORE retweeted
For an asset to become a SoV it must endure devastating crashes where all hope seems lost, only for a group of holders to traumabond, reaffirm the mission, and emerge as hardened believers.
This cycle must repeat multiple times. Keep that in mind when evaluating potential SoVs.
ORE retweeted
Virtual mining > PoW
Who pays for proof of work?
Not the miners. They spend fiat on electricity, then sell what they mine to keep the lights on. The cost moves, quietly, to everyone holding the token.
ORE was born with proof of work. @HardhatChad explains why it had to change, and how virtual mining plugs the value leak so what miners spend flows back to holders.
Who pays for proof of work?
Not the miners. They spend fiat on electricity, then sell what they mine to keep the lights on. The cost moves, quietly, to everyone holding the token.
ORE was born with proof of work. @HardhatChad explains why it had to change, and how virtual mining plugs the value leak so what miners spend flows back to holders.
ORE retweeted
regardless of the protocol/mechanics/etc, it is extremely bullish the amount of people that came into this thread and argued their bull case for ORE
building a cult following is something most projects dream of having but most cant do it. $ORE appears to have done it very well
respect where respect is due
Years from now, the conversations in the ORE Discord may be remembered the way the early Bitcoin forums are today.
Since April 2024, it has been a place for open debate, competing ideas, and people who care deeply about the future of money.
Link below. Strong opinions welcome.
ORE retweeted
solana and ore
name a more iconic duo
Gold has been an infinite mint coin and is the closest thing to a SoV humanity has ever had.
Solana is the most performant, battle tested blockchain in history. It makes total sense that THE digital Store of Value live on it. ORE inherits much of Solana's Lindy Effect, security, performance, and composability, and the two will be history's greatest symbiotic financial relationship ever.
ORE retweeted
fix the mining, fix the distribution, fix the world
One year ago today, ORE introduced virtual mining on @solana.
Mining no longer required specialized hardware or an electricity arms race. Anyone could compete for newly issued ORE, with the additional incentive of accumulating unrefined ORE.
A year of iteration and refinement later, the principle remains: fair distribution, open participation, and a monetary design that rewards patience.
All you need is a Solana wallet.
Start mining: ore.com/learn
ORE retweeted
731 rounds of solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp mining on @solana ⛏️
- 19.54 $SOL in, 17.49 back, 2.05 $SOL real cost
- ~1.56 solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp mined
- Staked $stORE up 2.71 to 3.53
- @ORE Reserve grew to ~7,066 solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp of backing
Time in the mines > timing the mines.
I hold and mine solana:oreoU2P8bN6jkk3jbaiVxYnG1dCXcYxwhwyK9jSybcp . NFA